Morgan Stanley: Maintains China Tower (00788.HK) "Overweight" rating with a target price of HK$11.5

Zhitong Finance APP has learned that Morgan Stanley has issued a research report stating that China Tower's (00788.HK) third-quarter revenue was constrained by telecom operators' continued cost control, while net profit benefited from depreciation savings. The firm maintains its "Overweight" rating with a target price of HK$11.5. The firm said the results have limited impact on its investment thesis, represent a slight miss relative to market expectations, and it expects a slight downward revision to market EPS forecasts over the next 12 months.